First-quarter after-tax profit of listed real estate broker DH Group climbed 55% year-on-year to HUF 0.9 billion, an earnings report released on the Budapest Stock Exchange and reviewed by MTI.
Net sales revenue at DH Group (which includes Duna House in Hungary) increased 29% to HUF 12.9 billion. Domestic sales reached HUF 2.5 billion, while the Italian business generated turnover of HUF 6.9 billion and revenue in Poland came to HUF 3.5 billion.
EBITDA rose 23% to HUF 1.6 billion. The HUF 304 million y/y increase in EBITDA was driven by the core segments with an increase of HUF 382 million, while the contribution of the other segment decreased by HUF 78 million as a result of higher one-off MyCity development profit in the base period. Sale of real estate generated net sales revenue of HUF 348 million and COGS of HUF 294 million in Q1 2026. Two-thirds of EBITDA was generated outside of Hungary, DH Group noted.
Other operating income of Q1 2025 included HUF 92 million one-off income of MyCity development in relation to settlement with main contractor of Forest Hill project.
During the quarter, the Group's net financial result was a loss of HUF 103 million (compared to a loss of HUF 157 million in the first quarter of 2025) as a result of improved net interest and FX position.
Earnings per share came to HUF 25.3.
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